_________ are organized groups of workers that bargain collectively with employers.
A. Wage stickers
B. Aggregated labor groups
C. Unions
D. Student councils
Answer: C
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Suppose the interest rate is 8 percent. Consider three payment options: 1 . $200 today. 2 . $220 one year from today. 3 . $240 two years from today. Which of the following is correct?
a. Option 1 has the highest present value and Option 2 has the lowest. b. Option 2 has the highest present value and Option 3 has the lowest. c. Option 3 has the highest present value and Option 1 has the lowest. d. None of the above is correct.
National policy always overrides free trade in matters of environmental concern.
Answer the following statement true (T) or false (F)
Suppose that white workers are getting paid $21/hour, while similarly-productive African-American workers are getting paid $18/hour. A prejudiced white employer with a discrimination coefficient of $24/hour will:
A. Hire African-Americans only if their wage rate falls to $3/hour B. Hire African-American workers C. Not hire African-Americans at all, even if they offer to work for free D. Not hire African-Americans, unless they work for free
The figure above shows a firm in a perfectly competitive market. The firm's supply curve is the curved line linking
A) point a to point c and stopping at point c. B) point b to point d and continuing on past point d along the MC curve. C) point b to point f and stopping at point f. D) point c to point e and continuing on past point e along the ATC curve.